Does anyone know the timing of the draw for fannie and maybe freddie? I don't recall hearing that it actually happened yet. I suspect people are waiting for F&F to go net worth positive again.
Two dates that will move the stock:
1. When the draw is complete or waived or declared unnecessary
2. When f&f each regain net worth up to the 3B limit allowed by treasury
When both of these are achieved I'd expect the stocks to reflect the net worth at a minimum which would be close to $3.00 per share.
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